China's rebar futures shed Thursday gains on coal price falls

November 13, 2021 / www.metalbulletin.com / Article Link

Sellers in China's domestic rebar market on Friday November 12 attempted to build on the momentum of a day earlier by raising their offers, but losses in the futures market due to falling coal prices capped the increases.

Domestic
Eastern China (Shanghai): 4,800-4,830 yuan ($751-755) per tonne, up by 30-50 yuan per tonne
Northern China (Beijing) weekly assessment: 4,520-4,600 yuan per tonne, down by 220-260 yuan per tonne

China's National Development & Reform Commission released data during the day showing coal output on Wednesday November 10 had risen to a historical high of 12.05 million...

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